{
  "meta": {
    "family": "TWIN-Cash",
    "date": "30 Oct 2026",
    "iso": "2026-10-30",
    "version": "v1.1",
    "session": "weekly",
    "cadence": "weekly",
    "asOf": "Second Cash page. Weekly. USDC only. Float as-of 30 Oct 2026 (DefiLlama circulating). Circle reserves as of 26 Oct.",
    "note": "Friday. Circle Mint is the redeem-to-bank rail: institutional, KYB, banking day. Secondary is up all weekend and is not the exit. Transfer is not redeem-to-bank. Float $71.9bn → $71.4bn. Next page is next Friday.",
    "homeCondition": "Watch → Redemption Open. Float $71.4bn. Secondary is not the exit.",
    "methodNote": "Circle Mint is the redeem-to-bank rail. Transfer is not redeem-to-bank. Secondary is not the exit."
  },
  "instruments": [
    {
      "id": "usdc",
      "ticker": "USDC",
      "name": "USDC",
      "klass": "USDC",
      "twin": "Dollar deposit at the issuer, against the reserve.",
      "title": "Token = receipt against the reserve. Not a bank deposit. Not a security.",
      "cash": "USD via Circle Mint.",
      "clock": "US banking day. Weekend is a Clock event. After this session the Mint is shut until Monday.",
      "exit": "Circle Mint for eligible institutions. Secondary is not the exit.",
      "redemption": "Open",
      "redemptionNote": "Mint live this session. No issuer notice. Free under the published daily amount for eligible institutions. Not instant for a person on a Saturday. Transfer is not redeem-to-bank.",
      "pledge": "Not scored. A lending market is not a pledge window.",
      "crowd": "One float fact. $71.4bn circulating (DefiLlama, as of 30 Oct). $71.9bn on 23 Oct. Not a follower count. Not a venue share.",
      "basis": "Par. Versus $1. No depeg stamped.",
      "line": "cash: Circle Mint / USD · exit: primary banking day · crowd: float · basis: par",
      "status": "watch",
      "changed": [
        "Clock",
        "Exit",
        "Crowd"
      ],
      "statusNote": "Watch → the book is fine and the Mint is the only door that pays cash. A depeg thriller is not the page.",
      "public": {
        "value": "$71.4bn",
        "holders": "—",
        "active30d": "—",
        "source": "DefiLlama as of 30 Oct 2026"
      }
    }
  ]
}